Industry NewsMortgage

Mortgage fraud scams alleged in Kansas

Companies accused of 'redemption rights,' loan-mod schemes
Published on Jul 8, 2009

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by CareyBot

Kansas officials have sued five companies for allegedly fraudulent mortgage rescue schemes that included "redemption rights" scams in which homes were leased back to troubled borrowers.

State Attorney General Steve Six said Apple Asset LLC of Overland Park and Rush Properties LLC of Olathe would buy a homeowner's redemption rights, lease their house back to them, ...

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